Best HRM practices and Performance Management concepts which help to make a better work environment

  What is HR Risk Management? Each and every organization is facing internal and external factors. As define, Human Resource Risk Management is identifying the problem within the organization and resolve them by taking proactive steps. Most of the time, one of the internal risks  arises within the organization is from employees who are working in that organization. This will happened due to the improper employee behaviors, improper employee management, skill shortage, poor financial management and improper employee management ( Becker, Karen & Smidt,2016). According to the international rating of 'Ernst & Young', human resources (HR) risks are among the ten most significant risks, occupying the 5th place among them, gaining three points within the last 3 years. Importance of Risk Management Whatever the size of the business Risk Management is a most important part any of the organization. Therefore, organization need to have a comprehensive Risk Management plan to achi...

 Most of the Organizations are addicted to use the standard performance reviews. If we need the alternative or supplementary method of sharing feedback with individuals, teams, and managers 360° reviews, is the best option. With this, can give a more comprehensive picture of their performance. What are 360° reviews? This is a method of feedback that provide a opportunity to hear from various people about their work for the employees, teams, or managers. Based on the diverse perspective, this allow everyone to understand their performance and strengths as well as the are that need to be improve. We can see the difference between the Standard reviews and 360° reviews, Standard Performance reviews:   By looking back at performance, manager can asses the work done by the employee or team. Go directly to the manager and are often not shared in raw form with the employee or team. Promotion or compensation around decision making implication. 360° reviews: Assist individual or teams t...

  What is Talent Management? Talent management defines as the Methodically organized strategic process to right talent onboard and help them to grow with their capabilities and help the company to grow keeping organizational objectives in mind. According to Armstrong (2014, p.264) he defines talent management as “the process of ensuring that the organization has the talented people it needs to attain its business goals”. In the Strategic Human Resource Management. Talent Management has a major feature, as it's ensure that organization has the most talent people to facilitate the company objectives as per the  (Armstrong, 2012, p.653). According to McCauley and Wakefield (2006,p.4), “Talent management processes include workforce planning, talent gap analysis, recruiting, staffing, education and development, retention, talent reviews, succession planning, and evaluation”. Importance of this is it ensure that right process are in place to attract to  the best fit for the org...

  Using Social Media platforms for recruitment purpose become a trend in nowadays and over the past few years companies are using social media platform for make their recruitment and selection process more efficiency. The aim is select the perfect fit for the job role through, gathering more data about the applicants' competences and and personality traits. As the cost of hiring wrong employees are high and companies need to make sure they are hiring the correct fit and because of that they have move to using the social media platform as strategic tool to recruit candidates to achieve competitive advantage. As per the many authors, they see social media as a best practice.  As companies are dealing with employee turn over very badly, companies are trying to reduce the cost of recruiting by better selecting methods. Companies need to ensure the information related to the candidates previous experience, skills, and personality traits, in order to predict future outcomes.  T...

As per the Schuler (2000, p.239) “more and more companies are recognizing the importance of managing their human resources as effectively as possible”. Schuler and Jackson (1999, in Schuler, 2000, p.239) highlight that “SHRM is largely about integration and adaptation”. Aaker (1989, in Sangeetha, 2010, p.94) identifies that recruitment and selection lie at the heart of how the business perceives the human resources required to sustain a competitive advantage over their competitors. Well design recruitment and selection process allows organizations to attract wide range of applications and narrow the selection down until find the best fit for the organization. in the recruitment process it includes, sourcing, advertising and interviewing of future employee, etc. As per the selection process, it entails new job related staffing and training of new employees (Sangeetha, 2010, p.94). In order to obtain the advantages of the recruitment and the selection process need to carefully done and d...